Tema Etfs LLC Purchases 22,798 Shares of IDACORP, Inc. $IDA

Tema Etfs LLC raised its position in shares of IDACORP, Inc. (NYSE:IDA) by 118.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,028 shares of the energy company’s stock after acquiring an additional 22,798 shares during the period. Tema Etfs LLC owned approximately 0.08% of IDACORP worth $5,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IDA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in IDACORP by 79.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,940 shares of the energy company’s stock valued at $690,000 after purchasing an additional 2,625 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of IDACORP by 6.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 342,496 shares of the energy company’s stock worth $39,805,000 after buying an additional 21,890 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of IDACORP by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,677 shares of the energy company’s stock valued at $16,698,000 after buying an additional 10,855 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of IDACORP by 104.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,073 shares of the energy company’s stock valued at $125,000 after acquiring an additional 549 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in IDACORP by 9.6% in the first quarter. Acadian Asset Management LLC now owns 38,704 shares of the energy company’s stock worth $4,496,000 after acquiring an additional 3,395 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

IDACORP Stock Up 0.5%

NYSE:IDA opened at $128.07 on Monday. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.49 and a beta of 0.61. IDACORP, Inc. has a twelve month low of $104.74 and a twelve month high of $138.03. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.95. The stock has a fifty day simple moving average of $127.77 and a 200-day simple moving average of $126.68.

IDACORP (NYSE:IDA) last posted its quarterly earnings results on Thursday, October 30th. The energy company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. IDACORP had a net margin of 17.59% and a return on equity of 9.35%. The company had revenue of $524.42 million for the quarter, compared to the consensus estimate of $663.09 million. During the same quarter last year, the firm posted $2.12 EPS. IDACORP has set its FY 2025 guidance at 5.800-5.900 EPS. Analysts anticipate that IDACORP, Inc. will post 5.81 EPS for the current year.

IDACORP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 5th were paid a dividend of $0.88 per share. This is a boost from IDACORP’s previous quarterly dividend of $0.86. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, November 5th. IDACORP’s payout ratio is presently 60.48%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IDA shares. Morgan Stanley set a $139.00 price objective on IDACORP and gave the company an “overweight” rating in a research report on Tuesday, December 16th. UBS Group decreased their price target on IDACORP from $135.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. BTIG Research raised shares of IDACORP to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company raised shares of IDACORP to a “hold” rating in a research note on Tuesday, October 28th. Finally, Mizuho lifted their price target on shares of IDACORP from $129.00 to $144.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, IDACORP presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.88.

About IDACORP

IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company’s service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets.

Idaho Power’s generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources.